Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia (CIF) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia (CIF) - 2024
In April 2024, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $2,962 per ton, falling by -18.9% against the previous month. Over the period under review, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in March 2024 an increase of 7.4% against the previous month. The import price peaked at $3,732 per ton in June 2023; however, from July 2023 to April 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From April 2023 to April 2024, the rate of growth in terms of prices for Canada amounted to -1.9% per month.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia
Imports of pig fat; lard, other than that of heading 0209 and 1503s into Australia expanded markedly to 287 tons in 2022, growing by 10% against the year before. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s soared to $1M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 502 | 427 | 620 | 938 | 23.2% |
| France | 9.4 | 27.1 | 11.4 | 67.9 | 93.3% |
| Others | 1.2 | 0.3 | 7.1 | 0.3 | -37.0% |
| Total | 512 | 454 | 638 | 1,007 | 25.3% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Australia in 2022:
- Canada (274.4 tons)
- France (12.8 tons)
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